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UPDATE 3-Intel to cut 12,000 jobs as PC industry swoons

April 19- Intel Corp said on Tuesday it would cut 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found. Intel's shares were down 2.6 percent at $30.78 in extended trading.

Source: Reuters

Intel to cut 12,000 jobs as it confronts decline in PCs

SAN FRANCISCO— Intel is cutting 12,000 jobs— about 11 percent of its workforce— as it reorganizes to confront a decline in sales of personal computers. Intel, which has long been the world's leading maker of PC chips, is now trying to expand into other types of computing. The latest cuts follow an earlier reduction of about 5,000 jobs announced by Intel in 2014, and...

Source: The Associated Press

HP Inc's quarterly revenue falls 12 pct on weak PC, printer sales

Feb 24- HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, reported an about 12 percent drop in quarterly revenue, as it struggles with weak demand for PCs and printers. The company's earnings from continuing operations fell to $650 million, or 36 cents per share, from $770 million, or 41 cents per share, a year earlier. Revenue fell to $12.25...

Source: Reuters